May 26, 2016  Trade Alert -  Rising Tide  Portfolio

We can start moving out of our deep in-the-money short calls:

 

BTC 1 COST 27May16 144 call (COST160527C144)
STO 1 COST 3Jun16 150 call (COST160603C150) for a debit of $5.47  (selling a diagonal)

BTC 1 COST 27May16 145 call (COST160527C145)
STO 1 COST 3Jun16 150 call (COST160603C150) for a debit of $4.45  (selling a diagonal)

BTO 2 COST 15Jul16 150 calls (COST160715C150)
STC 2 COST 15Jul16 145 calls (COST160715C145) for a credit of $3.82  (selling a vertical)

STO 2 COST 3Jun16 152.5 calls (COST160603C152.5) for $1.70

 

Be prepared to change these price limits by $.05 or more in order to get an execution.

 
Happy trading.

 

Terry